There is some use in knowing subsets of the time tables beyond 9: specifically M x N combinations For instance, if you know that 8x12 = 96, you know that 1/12 is approximately 0.08. And since 0.96/12 is exactly 0.08, you know that the remainder is 0.04/12 which gives you the .003333... in 0.0833333...
Essentially, it supports numeric intuition.
These higher times tables can be useful in long division. In long division you have to form hypotheses about how many times the divisor goes into the partial dividend, to extract the next digit of the partial quotient. So for instance, something like this comes up:
________
12 | 980
Now 12 doesn't go into 9, so we try 98. How many times does 12 go into 98? If you know your 12x12 times table by rote, you might realize in a flash that 12x8 is 96, so put down an 8.
If you memorized all times tables up to 99, you could so long multiplication in base 100:
1234
4567
----
You would instantly know that 67 x 34 is 2278, so ... put down the 78 and carry the 22:
1234
4567
----
22
78
and then 67 x 12 is 804. Bring down the 22 into it and we get 826:
1234
4567
----
82678
Damn, that was fast! :) Then we keep going with the 45 similarly: and we can move by two places to the left. 45 x 34 = 1530; put down 30; carry 15:
1234
4567
----
82678
15
30
and then 45 x 12 = 540, plus carry is 555:
1234
4567
----
82678
55530
-------
5635678
Totally awesome, and we only had to memorize 4950 product combinations from 1x1 to 99x99. Contrast that with plodding through it one digit at a time, with four partial product rows to then add together.